Currency Forecasts

Category: GBP/USD


GBP/EUR and GBP/USD Forecast

Sterling/Euro The Pound gained against the single currency yesterday, pushing into the €1.14’s. It was developments in the Eurozone that caused the move however, rather than any strength in Sterling. There are concerns over political turmoil in Italy due to…

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GBP/EUR and GBP/USD – What could impact the currency market today?

Following yesterdays spring statement the pound had a relatively strong day posting gains against most of its majors. At its highest GBP/EUR peaked just shy of 1.13, up from last weeks low of 1.1150 and GBP/USD pushed back close to…

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US dollar surge halted

In the past 24 hours we have seen a significant swing for cable (GBP/USD) with the high/low range from 1.4095 to 1.38 or just over a 2% spread. Much of the movement came following yesterday afternoons inflation data which in…

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Stock market correction lends support back to the pound. What could happen to sterling exchange rates?

Following Mondays bleak day for global stocks in which the Dow Jones fell by 4.6%, its largest daily loss since 2011, markets have made some what of a recovery lending support back to the pound. In particular we have seen…

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Risk appetite hits the pound, what is in store for sterling this week?

Sterling has posted some losses to start the week following yesterdays poor service data as the the service sector clocked its slowest rate of expansion since September 2016 in January. As a result, the Pound (GBP) trended lower across the…

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